RENDER

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0492%/8h= +53.9% APRpaid last 24h +0.187%

Price spread now: Hyperliquid against Bybit+0.201%7-day average +0.182% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

What this pair did over the last

the charts below follow

Funding, last 7 days+0.396%+$40 on $10k

Price spread, last 7 days−0.217%−$22 · spread now +0.201%, 7d avg +0.182%

Together, before fees+0.179%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.182%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit RENDERUSDT	1.8403	0.0100	pay 0.0050% / 4h	8m 49s	$11.8M	$13.3M	50x
Short	Hyperliquid RENDER	1.8440	0.0592	get 0.0074% / 1h	8m 49s	$4.1M	$3.3M	5x

Funding history

latest

Range statsloading…

Hyperliquid against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee BybitbpFee HyperliquidbpOrdersPrice spread, now +0.201%Rate

Slippage unknown: Bybit: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago. Net counts fees only.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 4 min ago	2.71 bp	16.5 bp −$16	43.1 bp −$431	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 3 min ago	1.08 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective RENDER/USDC PERP	−0.0223%	1h	1.8530	+0.690%	$12K	$194K	12x	as long as short
Deribit RENDER_USDC-PERPETUAL	0.0000%	1h	1.8424	+0.114%	$12K	$31K	25x	as long as short
dYdX RENDER-USD	+0.0062%	1h	1.8407	+0.019%	$19K	$23K	5x	as long as short
Binance RENDERUSDT	+0.0100%	4h	1.8406	+0.018%	$12.1M	$47.4M	75x	as long as short
Bybit RENDERUSDTlong	+0.0100%	4h	1.8403	long leg	$11.8M	$13.3M	50x
OKX RENDER-USDT-SWAP	+0.0100%	4h	1.8430	+0.147%	$3.1M	$8.1M	20x	as long as short
Gate RENDER_USDT	+0.0100%	4h	1.8411	+0.043%	$545K	$1.3M	50x	as long as short
MEXC RENDER_USDT	+0.0100%	4h	1.8390	−0.071%	$12.5M	$11.3M	200x	as long as short
KuCoin RENDERUSDTM	+0.0100%	4h	1.8430	+0.147%	$4.9M	$11.6M	50x	as long as short
Bitget RENDERUSDT	+0.0100%	4h	1.8413	+0.054%	$10.0M	$10.9M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RENDER-USDT	+0.0100%	4h	1.8410	+0.038%	—	$3.5M	—	as long as short
Variational Omni RENDER	+0.0100%	4h	1.8487	+0.454%	$263K	$313K	—	as long as short
ApeX Omni RENDERUSDT	+0.0100%	1h	1.8482	+0.429%	$41K	$251K	50x	as long as short
Phemex RENDERUSDT	+0.0100%	8h	1.8410	+0.038%	$1.8M	$4.0M	50x	as long as short
Extended RENDER-USD	+0.0104%	1h	1.8412	+0.051%	$30K	$205K	10x	as long as short
Aster RENDERUSDT	+0.0173%	4h	1.8420	+0.092%	$269K	$153K	20x	as long as short
Phoenix RENDER	+0.0299%	1h	1.8485	+0.446%	$47K	$315K	5x	as long as short
BloFin RENDER-USDT	+0.0340%	4h	1.8430	+0.147%	$572K	$1.1M	90x	as long as short
GMX RENDER/USD [ETH-USDC]	L +0.0364% / S −0.0907%	1h	1.8420	+0.092%	$15K	—	100x	as long as short
Hyperliquid RENDERshort	+0.0592%	1h	1.8440	+0.201%	$4.1M	$3.3M	5x
Coinbase International RENDER-PERP-INTX	+0.0720%	1h	1.8510	+0.581%	$153K	$59K	50x	as long as short
Kraken Futures PF_RENDERUSD	+0.1275%	1h	1.8442	+0.210%	$480K	$1.1M	50x	as long as short